Global Power Transformers Market Growth 2025-2031

Global Power Transformers Market Growth 2025-2031

The global Power Transformers market size is predicted to grow from US$ 993 million in 2025 to US$ 1338 million in 2031; it is expected to grow at a CAGR of 5.1% from 2025 to 2031.

The main global Power Transformer players include Hitachi ABB Power Grids, TBEA, Siemens, China XD Group, SGB-SMIT, etc. The top five Power Transformer players account for approximately 32% of the total market. China is the largest consumer market for Power Transformer, accounting for about 57%, followed by Europe and India. In terms of type, Oil-Immersed Transformer is the largest segment, with a share about 90%. And in terms of application, the largest application is 110-220KV, followed by 35-110KV.

LP Information, Inc. (LPI) ' newest research report, the “Power Transformers Industry Forecast” looks at past sales and reviews total world Power Transformers sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Transformers sales for 2025 through 2031. With Power Transformers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Transformers industry.

This Insight Report provides a comprehensive analysis of the global Power Transformers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Transformers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Transformers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Transformers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Transformers.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Transformers market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Dry-Type Transformer
Oil-Immersed Transformer

Segmentation by Application:
35-110KV
110-220KV
220-330KV
330-550KV
550-750KV

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi ABB Power Grids
TBEA
Siemens
China XD Group
SGB-SMIT
Mitsubishi Electric Group
Baoding Tianwei Group Tebian ElectricCo., Ltd
Jiangsu Huapeng Group Co., Ltd.
Toshiba
Shandong Electrical Engineering & Equipment Group Co., Ltd
GE
SPX
Wujiang Transformer Co., Ltd.
Nanjing Liye Power Transformer Co., Ltd.
Shandong Taikai Transformer Co., Ltd.
Crompton Greaves
Hyosung
Shandong Luneng Mount.Tai Electric Equipment Co.,Ltd
Shandong Dachi Electric Co., Ltd
ZTR
Weg
Hyundai Electric
CHINT
Harbin Special Transformer Factory Co., Ltd.
Schneider Electric
Sanbian Sci-Tech Co., Ltd.
Hangzhou Qiantang Riever Electric Group Co., Ltd.
Alstom
Efacec
Fuji Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Power Transformers market?

What factors are driving Power Transformers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Power Transformers market opportunities vary by end market size?

How does Power Transformers break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.